Wednesday, March 18, 2009

So the backlash begins

The GOP has taken the lead in the generic party preference poll. Dems traditionally lead this poll by large margins, so this change is quite astounding. I think it shows considerable dissatisfaction with the performance of Congressional Dems, and maybe even Obama, since his poll numbers are also falling.



A few points about the AIG bonus hullabaloo. Sure, the bonuses are despicable under the circumstances. However, the bonuses are contractual bonuses and AIG has no choice but to pay them. Barney Frank is demanding the names of the bonus recipients. AIG leadership is in the wrong here, not the bonus recipients. The show being put on by the Dems in congress is to cover for the fact that they allowed Treasury to spend the money without any strings whatsoever, so the bad accountability lies with Congressional leadership. Also, Senator Dodd inserted a provision in the TARP bill that permitted the payment of such contractual bonuses, and now that the crap has hit the fan, he is trying to cover his fanny by saying that Congress will tax the money back into the Treasury. If Congress can tax specific private citizens by name, then is anything we own safe?

Update:
CNN states:
Dodd acknowledged his role in the change after a Treasury Department official told CNN the administration pushed for the language.
Dodd, a Democrat, told CNN's Dana Bash and Wolf Blitzer that Obama administration officials pushed for the language to an amendment designed to limit bonuses and "golden parachutes" at those companies.
"I agreed reluctantly," Dodd said. "I was changing the amendment because others were insistent."

So now Dodd is squirming. Yesterday, he said he had no idea how the language got into the bill. Today, having been caught in a lie, acknowledges that he put the language in the bill, but he blames it on the Obama administration. A simple "I apologize. I made a mistake" would be sufficient and everyone would forgive and forget, but Dodd's pride will not allow him to do so. Will a Democrat ever take responsibility for a mistake? If it were a Republican, the Democrats would be demanding a resignation at this point.

1 comment:

Teresa said...

Right on. I had been thinking the same thing. The dems would have been calling for his resignation or at least calling a hearing to make him fess up publically for all to see. I wonder why the reps don't push the issue on this? The dems (or maybe it's congress) are also trying to blame it all on the new gov't appointed CEO! Those contracts were in force before he even took over the job. He came out of retirement to help out and only takes $1 a year for his work. They are just trying to take the light off of themselves and their own bad mistakes. Crazy!